AECOM (NYSE:ACM) – DA Davidson reduced their Q3 2017 EPS estimates for AECOM in a research note issued on Wednesday. DA Davidson analyst B. Thielman now forecasts that the construction company will post earnings per share of $0.78 for the quarter, down from their prior estimate of $0.83. DA Davidson also issued estimates for AECOM’s FY2017 earnings at $2.88 EPS.
AECOM (NYSE:ACM) last issued its quarterly earnings results on Tuesday, May 9th. The construction company reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.34. AECOM had a return on equity of 12.40% and a net margin of 1.28%. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.47 billion. During the same quarter in the previous year, the firm earned $0.87 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis.
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Several other brokerages have also weighed in on ACM. Robert W. Baird lowered AECOM from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $45.00 to $40.00 in a research report on Friday, April 7th. Zacks Investment Research lowered AECOM from a “buy” rating to a “hold” rating in a research report on Friday, April 21st. Deutsche Bank AG reissued a “hold” rating and set a $38.00 target price (down previously from $41.00) on shares of AECOM in a research report on Saturday, April 22nd. Argus cut their target price on AECOM from $43.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday, June 2nd. Finally, Citigroup Inc. reissued a “buy” rating and set a $40.00 target price (down previously from $45.00) on shares of AECOM in a research report on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $35.30.
Shares of AECOM (ACM) opened at 31.58 on Friday. The stock’s 50 day moving average price is $32.47 and its 200-day moving average price is $34.41. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 22.24 and a beta of 1.75. AECOM has a 52 week low of $26.46 and a 52 week high of $40.72.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC increased its position in shares of AECOM by 82.2% in the fourth quarter. AQR Capital Management LLC now owns 52,697 shares of the construction company’s stock valued at $1,916,000 after buying an additional 23,774 shares during the period. Hudson Bay Capital Management LP bought a new position in shares of AECOM during the fourth quarter valued at $2,689,000. Macquarie Group Ltd. increased its position in shares of AECOM by 2.0% in the fourth quarter. Macquarie Group Ltd. now owns 225,034 shares of the construction company’s stock valued at $8,182,000 after buying an additional 4,350 shares during the period. New England Research & Management Inc. increased its position in shares of AECOM by 114.4% in the first quarter. New England Research & Management Inc. now owns 25,300 shares of the construction company’s stock valued at $900,000 after buying an additional 13,500 shares during the period. Finally, First National Bank of Mount Dora Trust Investment Services bought a new position in shares of AECOM during the first quarter valued at $1,250,000. Institutional investors own 82.49% of the company’s stock.
AECOM is engaged in designing, building, financing and operating infrastructure assets for governments, businesses and organizations. The Company’s segments include design and consulting services (DCS), construction services (CS) and management services (MS). Its DCS segment is engaged in planning, consulting, architectural and engineering design services to commercial and government clients in major end markets, such as transportation, facilities, environmental, energy, water and government.
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